CVRD signs Memorandum of Understanding with ThyssenKrupp Stahl.
PR Newswire Europe, December, 2004
RIO DE JANEIRO, Brazil, December 3 /PRNewswire/ -- Companhia Vale do Rio Doce (CVRD), the largest producer of iron ore and pellets in the world, and ThyssenKrupp Stahl A.G. (ThyssenKrupp), one of the largest European steelmakers, have signed a Memorandum of Understanding (MoU) whose objective is the construction of an integrated slab plant in Brazil.
The next step will be the creation of a Joint Venture Company, Companhia Siderurgica do Atlantico (CSA) to conclude the joint feasibility study and to implement the project.
The 4.4 million tons per year slab plant is expected to be located in the State of Rio de Janeiro and to start production in 2008.
This initiative is consistent with CVRD's strategy of attracting new investments in the...
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